Solid economic fundamentals help cushion the growth headwinds
AA1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in July 2024.
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GDP |
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|
Population |
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Form of state | Confederation | |
Head of government | Viola Amherd (President for 2024) | |
Next elections | 2027, legislative |
Strengths & Weaknesses
![](/content/onemarketing/aztrade/allianz-trade_com/en_SG/resources/country-reports/Switzerland/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1722326951745/plus.png)
- Competitive high-income economy
- Sound political institutions
- Specialization in high-quality exports for which demand is relatively insensitive to exchange rate moves
- Healthy public finances
- Strong external position
![](/content/onemarketing/aztrade/allianz-trade_com/en_SG/resources/country-reports/Switzerland/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1722326951863/minus.png)
- Overvalued CHF due to safe haven role
- Strong dependence on financial and export sectors
- Rising labor costs and stagnant productivity growth
- Financial sector’s exposure to real estate lending (around 85% of domestic assets are concentrated in mortgages)
- Unfavorable demographics
Economic Overview
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
United States
16.2%
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1 |
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Germany
13.3%
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2 |
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China
11.0%
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3 |
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Italy
6.4%
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4 |
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France
5.3%
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5 |
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Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Gold, non-monetary (excluding gold ores and concentrates)
25.1%
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1 |
28.3%
Gold, non-monetary (excluding gold ores and concentrates)
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Medicinal and pharmaceutical products
24.8%
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2 |
13.9%
Medicinal and pharmaceutical products
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Organic chemicals
7.3%
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3 |
4.6%
Road vehicles
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Photo apparatus, optical goods, watches and clocks
6.6%
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4 |
3.1%
Electrical machinery, apparatus and appliances, n.e.s.
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Other industrial machinery and parts
2.8%
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5 |
2.6%
Electric current
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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